Rieter Holding AG (0QKA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. A warm welcome from my side. Thank you for joining us today to review Reuters' full year 2025 performance and discuss the strategic path ahead. Together with our CFO, Oliver Streuli, I will outline the key results of 2025, the progress of our transformation, our expectations for 2026 and beyond. Before I begin the presentation, let me draw your attention to the picture on the cover page. That reflects the new Reiter consisting not only of natural fibers, but also of man-made fibers. So let's move to the agenda on slide number two. We will briefly look at the key messages and review the market. I will then hand over to Oliver for a deep dive into the financials. Afterwards, we will take a more extensive look at the successful acquisition of Barmark, the medium-term financial guidance and the outlook for 2026. And now to the key messages on slide number four. Let me first start with the green boxes. 2025 was a year marked by cyclical weakness in the global spinning machinery market, influenced by geopolitical tensions, lower yarn margins and high volatility in investment sentiments. Against this backdrop, Riete delivered an order intake of 703 million Swiss francs, slightly below last year, but stable in local currencies. Sales declined to 685 million Swiss francs, reflecting the subdued market and the result of lower order intakes in the last years. Our operating EBIT reached 2.5 million Swiss francs, affected by lower volumes and pricing pressure, yet supported by active cost management and the early impact of our restructuring measures. Despite a challenging market, we preserved strategic flexibility, strengthened our portfolio and positioned the group for accelerated earnings recovery once demand normalizes again. Second, the blu...